Trading Articles

Knowing WHY you trade is the best thing you can if you are a trader. And the second best is to REMIND yourself of it when the luck is speeding away in the opposite direction. When the chips are down, your WHY will help you re-focus on the success formula. It will also serve as a notice as to what you stand to lose if you give trading anything less than your best … [Read more...] about 8 Reasons Why You Want to Become—and Stay—a Trader

Forex trading is similar to sharpshooting in more than one way. Just as a sniper needs a sniper rifle, must have mastery over it, possess immeasurable patience, must exhibit complete control over his mind as well as body in difficult situations, and must have an innate smartness to know the right time to shoot, a Forex trader requires a trading edge (his weapon), must become … [Read more...] about What Type of Forex Trader Are You — A Sniper or Machine Gunner?

Success is something we all want to achieve. But not everyone who wants to succeed is actually successful. Why is there a difference between the aspirants and achievers of success? And what exactly is that differentiating factor? To be able to answer this question you need to first observe both the successful and the unsuccessful people. One of the most glaring differences … [Read more...] about Golden Key to Achieving Trading Success (In the True Sense)

Human beings usually develop an opinion about things based on their perceptions. Speaking of perceptions, people sometimes do develop certain weird ones. For example we tend to think that if we cannot understand a particular task then it must be difficult to do. We have this inherent nature to label everything that we do not understand / comprehend as tough, difficult and … [Read more...] about Consistency – A Potent Tool for Forex Trading Success

Very few Forex traders realize the importance of having an exit strategy. Majority of the traders are just focused on learning how to pick up a good entry strategy and the exit strategy lies ignored somewhere at the corner. It is a fact that you will find numerous brilliant market analysts out there who can judge the market direction with 80% precision but still suck at making … [Read more...] about Forex Trader’s Almanac to an Effective Trade Exit